ICDX aiming to take advantage of rule change to build local derivatives markets

Indonesia's decision at the start of 2014 to ban the export of unprocessed metals as part of a move to keep more of the commodities value chain onshore, met with criticism from business and economists alike, but Megain Widjaja, chief executive of the Jakarta-based Indonesia Commodity & Derivatives Exchange (ICDX), is a fan.

The South-east Asian state is a commodity powerhouse: the world's largest tin exporter also has serious coal, nickel and bauxite resources, as well as a market-leading positi